Member Info for longtimeinvestor

''LLOYDS and VODAFONE VALUE TRAPS''

are you a financial advisory ('expert') to make that claim?

Lloyds are currently at just over 42p and Vodafone at a bit over 74p.

It is for the individual investor to decide whether they represent value or not.

So making a statement ''you have to win £250 per month to equal the best bank account, '' does not relate specifically to someone with hardly any income but with £50,000 cash to spare

Erv

we are talking in reality, not a rarity of someone having hardly any income but with £50,000 cash to spare - get real

Pan

''Charter savings bank 1 year fixed 6%''

No withdrawals

''Sod the tax!''

Really? - some of us have to pay a high percentage.

6% gross. I would only end up with 3.3% net

So where is this account that pays 6% after tax.?

''I don't make things up''

You just did with the statement ''you have to win £250 per month to equal the best bank account, ''

Pan

''you have to win £250 per month to equal the best bank account, ''

I am sure others would like to know where they can get 6% after tax from a £50,000 lump sum deposit

This week

Each share cancelled after a 1 for 10 consolidation would reduce share capital by £1.

GB

As we have already seen today, you are already on the stupid list.

Hard to believe that some on here are investors - completely clueless

Cook

''if you had £1 to but back before you buy back 10 , if you had £1 to buy back after consolidation you buy 1 so its exactly the same you ,not ten times !!!!! this just about sums you up and thats why you are still filtered you nugget''

You need to join BLB on the stupid list.

Cannot recall mentioning purchasing shares at 10p or £1.

The current share price is about 43.6p - a 1 for 10 consolidation would make each share value 10 times greater.

The current Lloyds shares are 10p ordinaries - on that consolidation they would become £1 ordinaries.

Currently each share cancelled would reduce share capital by 10p.

''LLOYDS BANKING GROUP PLC (LLOY) ORDINARY 10P''

https://www.hl.co.uk/shares/shares-search-results/l/lloyds-banking-group-plc-ordinary-10p

Suf

''a Brucie bonus''

Yes, you own a greater percentage of Lloyds bank after each day that shares are cancelled

''TELL THIS BB WHAT THE BELOW MEANS FOR THE SP.''

oh dear

16:47

Your 15:47 post speaks for itself - how embarrassing for you - yet again - a nice addition to the many past ones.

GB

''I know that consolidation is no good except in one instance. It means that I don't get to listen to the daily buy back and how good it is to pour shareholders money down the drain. It is like death by a thousand cuts.''

Yet more evidence of brain malfunction.

The purpose of a repurchase programme is to reduce share capital.. A (for example) 1 for 10 consolidation would create '£1' ordinary shares instead of the current '10p' ordinary shares.

How would a share consolidation stop the policy of buybacks?

A share repurchase scheme after such a consolidation would be. with each share purchased be reducing share capital by 10 times the amount.

GB

''If you want fewer shares, just consolidate and put the saving to good use. Of course, I forgot, the BoD are devoid of ideas ''

Some of your ideas it seems are still nonsense. did you forget to think before posting. How does a cosmetic exercise save money?

''they should buy Starling, Revolut or even a block chain developer. ''

Why?

In any case based on the last money raising (always need more money) Revolut is valued at about the same as Lloyds.

''Anything but pouring my money down their drain.''

They are not poring SHAREHOLDERS money down the drain, they are purchasing shares at way below NAV - I call that an excellent investment

SC

''I intentionally left out the employee share option numbers''

really? - no what you did was include them, to then give a net 'cancelled' number. There is a net change in the number of shares in issue which is a completely separate matter to calling the net difference 'cancelled'.

Cancelled shares are by way of the share repurchase schemes.

New shares are bought by employees or given instead of cash, rather like an investor in a company accepting new shares (scrip dividend ) instead of cash

''to highlight the " smoke and mirrors " effect that completely undermine the usefulness of this costly multi - year share buyback programme.''

there is no smoke and mirrors - share repurchase schemes have cancelled about 10.3 Billion shares.

An investor can easily work out the benefit of 10.3 Billion fewer shares based on the current market cap of about £28.3 Billion

So from zero returns to shareholders to now double digit total returns (and with a 6.5p lower share price than at end of 2009)

S123

about 50p - Zero dividend

At the end of the current share repurchase programme there may well be fewer shares on the market than there were end the end of 2009

SC

''= 6,733,437,883 shares cancelled.''

NO, about 10.3 Billion shares have been cancelled since 2018.

New shares are created for example from employees saving money each month to purchase at the en of a fixed period, and remuneration instead of cash